German bankers increasingly isolated within the Euro zone

Wed 5th Sep, 2012

Arguments between German financial experts and bankers from the rest of the eurozone have apparently left Germany in an increasingly isolated position within the EU

According to news reports, German Central Bank President Jens Weidmann is completely isolated in the European Central Bank when it comes to his opposition to buying government bonds.

Italian ECB President Mario Draghi's plan to help Spain and Italy with new interventions appears to be the solution on which most agree, and experts say Weidmann has dwindling support in his opposition to such a plan. In addition, Weidmann can no longer rely on support from countries such as the Netherlands, who had reliably sided with the Germans on this issue in the past. A Dutch newspaper reported that the Dutch Central Bank President Klaas Knot does not oppose restarting the bond buying programme.

To isolate Weldman even further, even German ECB board member Joerg Asmussen said he supported Draghi's position. By the end of this week, Draghi is expected to reveal details of a new bond-buying plan that should help indebted eurozone countries who are dealing with uncommonly high interest rates.


April Drought: Conservationists Urge Water Saving Measures

Neumünster (Schleswig-Holstein) - The beauty of the spring sun is undeniable, but it comes with a cost to our environment. Many regions are experiencing severe dryness, and the Nature Conservation...

Fruit Farmers Battle Night Frost in Brandenburg

As spring progresses, fruit growers in Brandenburg face a daunting challenge as night frosts return, threatening their delicate crops. After suffering significant damage last year due to similar...

Brutal Assault on Young Man in Maikammer

In the early hours of Sunday, a violent incident occurred at a public event in Maikammer, resulting in injuries to two individuals. The first attack took place around 2:50 AM near the Catholic church,...

Homeless Man Assaulted and Thrown into Spree River by Group

In a troubling incident that occurred in the Friedrichshain district of Berlin, a 42-year-old homeless man was forcibly thrown into the Spree River by a group of at least four unidentified individuals...

Drunken Man Causes Disturbance in Nuremberg Playground

A 31-year-old man made headlines on the evening of April 4, 2025, in Nuremberg's Südstadt district due to inappropriate behavior in a public playground. The incident unfolded around 6:30 PM at...

Pope Francis Makes Surprise Appearance at St. Peter's Square After Illness

In a significant moment for the Catholic community, Pope Francis made an unexpected appearance at St. Peter's Square on Sunday, participating in a mass dedicated to the sick and medical personnel....

More Quick Read Articles »
German PKV Insurance

German Private Health Insurance

Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

Pasinger Orgeltage: Orgelkonzert Giacomo Gabusi (Bologna)

Join us for a captivating organ concert featuring Giacomo Gabusi from Bologna. Experience an evening of classical music with works by Wagner, Bossi, and Messiaen, among others. This event is part of the Pasinger Orgeltage series, promising a delightful musical experience. Admission is free, but...